Meridian Corp — Form 8-K

Meridian Corporation (NASDAQ: MRBK) reported Q2 2026 net income of $5.8 million ($0.48 diluted EPS), up 189.5% QoQ from Q1's $2.0 million, driven by lower credit provisions ($3.0M vs $7.5M prior quarter) and higher non-interest income (+40.4% to $9.9M), particularly mortgage banking (+$2.1M) and SBA loan sales (+$465K). The Board declared a quarterly dividend of $0.14 per share, payable August 17, 2026. However, non-performing loans rose sharply to $82.1M (3.68% of total loans) from $58.7M, driven by $20M land development and $5.5M commercial mortgage downgrades, though CEO noted these are well-collateralized. Total assets were $2.59 billion; deposits grew $24.5M to $2.19 billion; and equity increased to $204.8M.